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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Thursday, July 28, 2011

The Social Poets: America: How A Bad Credit Rating Hurts Us All



The Social Poets: America: How A Bad Credit Rating Hurts Us All: "From Denny: With no debt ceiling deal in sight, Congress still squabbling and the American public fuming, we are left with contemplating just how damaging it will be to our daily lives if America defaults.

For an economic powerhouse like our country to be downgraded from its AAA rating is humiliating considering our status in the world. How can a country that gives away billions of dollars in foreign aid, finances an endless march of third world governments, no longer be able to pay its bills?"

Wednesday, July 13, 2011

The Social Poets: World Debt Issues: We Are All In It Together

Big Bank Money Grab

The Social Poets: World Debt Issues: We Are All In It Together: "From Denny: As President Obama struggles with a contentious GOP over the debt ceiling issue, the rest of the world has its economic woes too.

Obama is trying to convince the Republicans to care about the elderly and the American middle class that have paid into Social Security all their working lives. They call it entitlements because we already paid for it in advance.  To the GOP mind, well, just why would a person want their money back in their old age?"

Friday, June 24, 2011

The Social Poets: Funny Jon Stewart Mocks Wall Street For Causing Greek Crisis


The Social Poets: Funny Jon Stewart Mocks Wall Street For Causing Greek Crisis: "From Denny: Get your crash course in crooked banking Wall Street style from your favorite comedian. He does make learning fun. Why wasn't college this entertaining?

You have all hear about how Greece is melting down financially. Recently, the European Union put on hold their $billion bailout while they await Greece to sell off some of their assets. What took the Greeks so long to get around to the obvious? They should have sold their banks and state-owned companies years ago when they were first in trouble.

If you have ever visited Greece you soon learn they have one terrific lifestyle. It's not terribly responsible on the individual level any more than on the national level. They literally party every night, spending hundreds of dollars a night. They do not save money. They don't believe in savings accounts. Amazing."
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